Author: InvestAdvocate

Stanbic IBTC declare 21.3% Loss, pay N0.10 Kobo dividend in 2011

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Stanbic IBTC Bank Plc Thursday declared a Loss of 21.3 percent (21.3%) in the Audited Report for the Period Ended December 31 2011 and has proposed to reward investors of the Company with a N0.10 Kobo dividend. From the Result Announcement made available to the […]

Nigeria to raise 917 billion naira from T-bills in Q2

Nigeria’s central bank said it plans to raise 917.76 billion naira ($5.82 billion) from treasury bills in the second quarter of the year, the bank said on Thursday.  The regulator said it would auction 182.12 billion naira worth in 91-, 182- and 364-day paper in March, 324.25 billion naira worth […]

Nigeria sells 100 billion naira worth of bonds

Nigeria sold 100 billion naira ($634.42 million) worth of debt at its regular bond auction on Wednesday, the third this year, with lower yields on both paper compared with the coupons at its previous auction, the Debt Management Office said on Thursday.  The office said it auctioned 20 billion naira […]